Want to join the conversation?
$WFC's net loan charge-offs as a percentage of average loans of 0.39% reflected commercial losses of 0.29% and consumer losses of 0.49%. Credit losses rose to $924MM in 2Q16 from $886MM in 1Q16, on $59MM higher oil and gas portfolio losses. Consumer losses fell $82MM, on a decline in consumer real estate losses and fall in automobile losses.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.